Robert W. Baird Forecasts Strong Price Appreciation for Ingersoll Rand (NYSE:IR) Stock

Ingersoll Rand (NYSE:IR - Get Free Report) had its target price hoisted by equities research analysts at Robert W. Baird from $105.00 to $111.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's target price suggests a potential upside of 32.67% from the stock's previous close.

A number of other equities research analysts have also issued reports on IR. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, December 12th. UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a "buy" rating and a $124.00 price objective on the stock. Barclays lowered their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup lowered their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.75.

Ingersoll Rand Price Performance

Shares of NYSE IR traded down $3.11 during midday trading on Tuesday, reaching $83.66. The company's stock had a trading volume of 2,647,871 shares, compared to its average volume of 2,521,872. Ingersoll Rand has a one year low of $83.26 and a one year high of $106.03. The company has a 50 day moving average price of $91.15 and a 200 day moving average price of $94.93. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.72 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 3.47 and a beta of 1.43.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts expect that Ingersoll Rand will post 3.31 EPS for the current year.

Institutional Trading of Ingersoll Rand

Several large investors have recently added to or reduced their stakes in IR. Vanguard Group Inc. lifted its stake in shares of Ingersoll Rand by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 45,684,016 shares of the industrial products company's stock worth $4,132,576,000 after buying an additional 446,591 shares during the last quarter. Capital International Investors lifted its stake in shares of Ingersoll Rand by 4.6% in the fourth quarter. Capital International Investors now owns 36,673,865 shares of the industrial products company's stock worth $3,317,537,000 after buying an additional 1,606,363 shares during the last quarter. Capital World Investors lifted its stake in shares of Ingersoll Rand by 1.0% in the fourth quarter. Capital World Investors now owns 20,088,857 shares of the industrial products company's stock worth $1,817,238,000 after buying an additional 197,711 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ingersoll Rand by 3.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,878,280 shares of the industrial products company's stock worth $1,707,729,000 after buying an additional 649,102 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Ingersoll Rand by 8.2% in the fourth quarter. FMR LLC now owns 17,472,317 shares of the industrial products company's stock worth $1,580,546,000 after buying an additional 1,320,223 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.